Daily Archives: December 17, 2008

Marcum & Kliegman is jumping into the Bernard Madoff scandal, trying to help investors who lost money from defamed investment adviser. The Melville-based accounting firm has formed a task force to assist investors and determine the tax implications of their ...

The Long Island Association and Long Island Education Coalition put out a joint statement today protesting the cuts in school aid proposed in Gov. David Paterson’s 2009-10 budget. The two organizations state that the cuts place an unfair burden on ...

The Long Island Power Authority has created a 19-member advisory panel to examine the power company’s finances, legal structure and business model. The panel includes elected officials, energy experts and business and financial leaders throughout Long Island. Its goal is ...

What most troubles me is the public’s misperception that free-market capitalism caused the recent housing bubble and financial crisis. Of course, the prevailing mischaracterization of free-market capitalism stems from their ignorance of both history and economics. Objectively, free-market capitalism could ...

The Nassau and Suffolk County legislatures this week passed similar bills aimed at fighting heroin trafficking and distribution. The laws, dubbed “Natalie’s Law” after a Massapequa teenager who died from a heroin overdose in June, serve to help law enforcement ...

Suffolk County Executive Steve Levy is going to fix a troublesome interchange in his county. The leader signed a bill that allocates $1 million to design a two-lane cloverleaf that will feed traffic from the northbound side of County Road ...

Clinging to its reputation for being insulated from what’s going on anywhere else, the deepening recession is beginning to affect Long Island’s commercial real estate market. Tightened credit and weakened demand have already killed some new development projects, while others ...

For years, Long Island’s builders and contractors have complained about the blockade that is Nassau County government. In good times, builders took the problems, such as delays in issuing permits, discrepancies in the application process and slow payments, in stride, ...

Annoyed by politicians using your money to bail out big corporations? You’re not alone. After all, spending or risking more than a trillion dollars to subsidize money-losing businesses might be expected to generate taxpayer anger. Several polls in recent months ...